The Best Lecture of 2018

Professor Joel Greenblatt of the famed Columbia Business School came through Chicago in early December, 2018, to speak to the CFA Society of Chicago. I’d heard of Professor Greenblatt’s books, and even bought 2 or 3 before the presentation. The … Continued

The Chart

  2011 was the last year the SP 500 has seen the 50-month moving average. Here was last night’s post comparing this current correction with the 2011 and 2015 – 2016 drawdowns. Kinda ugly this quarter and looking at the … Continued

SP 500 Earnings Yield at 6.88%

The SP 500 Earnings Yield is at 6.88% as of Thursday, December 20th, 2018. The 6.88% level is now above the highs from the 2015 – 2016 correction but still well below the 8% – 9% hit during the 2011 … Continued